Colorado Goldfields Inc. (fka CGFI)

[lesgetrich]

I'll be traveling and unavailable most of the weekend but to answer your question, I thought the RS was inevitable. I wasn't on this board at the time but I expected the RS. I just hoped it would happen after the mill opened and the pps recovered a bit. I wasn't expecting 5000 to 1 though. In any event, I don't think management had a choice. There were several delays in the permit process that I don't think they were expecting. Nevetheless, they continued to make progress which encouraged me to continue investing(I had about 150 million shares before the RS. I'm back to 600,000)

I think Guyer taking voting control to discourage a hostile take over made sense. If we can see the potential here,so can CGFI competitors. It wouldn't have taken much cash to buy control and as I said in several of my posts, democracy for sharehlders is a mirage anyway. None of us will ever own enough shares to have any real influence.

Have faith,

Les